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new action just announced by government officials. >>> catch the raiders and broncos tonight here on abc 7. larry biel and sports anchor mike shumann will tweet during the game you can follow them. you can also get updates on facebook.com/abc7news. >>> welcome back. doesn't this make you feel better about the morning commute? it won't be raining and your commute won't take three times as long. let's talk about fun. temperatures in the 50s now. as we head into the noon hour when the gates open over at the coliseum, 56°, we start to see sun break out, brighter 3:00 and 58, game time 5:20, partly cloudy and 56, 9:00 still partly cloudy, around 50°. have fun. >>> new morning, the duchess of cambridge has left a london hospital where she was being treated for acute morning sickness related to her pregnancy. this is new video of a smiling kate middleton leaving the hospital early this morning. her husband prince william by her side. both smiling politely, flowers i'm sure he got her. the royal couple's office says kate will head to kensington palace she is less than 12 weeks pregnant. th
new action just announced by government officials. >>> catch the raiders and broncos tonight here on abc 7. larry biel and sports anchor mike shumann will tweet during the game you can follow them. you can also get updates on facebook.com/abc7news. >>> welcome back. doesn't this make you feel better about the morning commute? it won't be raining and your commute won't take three times as long. let's talk about fun. temperatures in the 50s now. as we head into the noon hour...
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Dec 10, 2012
12/12
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government. what becomes of a123 now? essentially johnson controls within also bidding during the bankruptcy process for the battery part of the business dropped out. when they said, there bidding is too rich. we don't think the price matches the assets. they dropped out. a123 does have about 3,000 employees in the u.s. this has to be approved by the committee for foreign investment. remember, this is what hatches when you have a foreign firm buying a u.s. company like this. it has to be approved and there are more than a prove, mandy and brian, in washington, saying, do we really want the wanxiang group having access to the assets of a123. a123 add little bit of defense work, and it went to a different company. we will see whether or not this deal gets approved. >> let's bring in alan, research fellow at u.s. business and research council. thank you for joining us. >> my pleasure. >> you think this deal should not be allowed, how come? >> this is so mind-boggling stupid. i can't believe it's even come up. the last thing
government. what becomes of a123 now? essentially johnson controls within also bidding during the bankruptcy process for the battery part of the business dropped out. when they said, there bidding is too rich. we don't think the price matches the assets. they dropped out. a123 does have about 3,000 employees in the u.s. this has to be approved by the committee for foreign investment. remember, this is what hatches when you have a foreign firm buying a u.s. company like this. it has to be...
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Dec 8, 2012
12/12
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KQED
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with $600 billion in automatic tax hikes and government spending cuts set to start next year, why aren't more firms postponing hiring decisions? >> what we're hearing from businesses is that it is really hard to actually pull back hiring right now, because they've already fired so many workers, gotten so lean that it's really difficult. >> reporter: but not all the surprises in the report were good. at 7.7%, the unemployment rate hit its lowest level since december 2008. but that was mostly due to people giving up their search for work. and there's another disappointing trend, weak wage growth. >> what we are not seeing is strong income generation. the slowing in wage gains-- the weak bargaining power of labor comes across in this report and >> reporter: so although the labor market is not getting worse, it's not getting a lot better, either. and there are plenty of risks that could cause businesses to cancel projects, and hiring plans. >> clearly one of the biggest risks is that we don't see a deal on the fiscal cliff, or that they drag it out over a number of months. and that that real
with $600 billion in automatic tax hikes and government spending cuts set to start next year, why aren't more firms postponing hiring decisions? >> what we're hearing from businesses is that it is really hard to actually pull back hiring right now, because they've already fired so many workers, gotten so lean that it's really difficult. >> reporter: but not all the surprises in the report were good. at 7.7%, the unemployment rate hit its lowest level since december 2008. but that...
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Dec 6, 2012
12/12
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CNBC
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it's not just about paying some government to have more but about putting millions to work who are now jobless because that's what happens in a boom. we put them to work. and, yes, spending's got to come down. are they so obtuse, to quote andy dufrane that they can't see this? and, yes, i'm talking about both sides. it's driving me crazy. how do i know that things would be so great if we could only get beyond the stupid politically created crisis? let's go over the reasons. first, in terms of how well we could be doing, think about this. the barely capitalist don't innocent that is europe has settled down into some sort of permanent no-growth mode and yet almost every one of the stock markets is doing better than ours. come on, washington, that's ridiculous. how can the markets in switzerland, netherlands, germany do better than us? how is that possible? because of you, washington. it's because of you. we've been kept back all because of you. second, before our politicians stepped in with the intransigence and anger, we were about to have an explosion in earnings. retail was stronger t
it's not just about paying some government to have more but about putting millions to work who are now jobless because that's what happens in a boom. we put them to work. and, yes, spending's got to come down. are they so obtuse, to quote andy dufrane that they can't see this? and, yes, i'm talking about both sides. it's driving me crazy. how do i know that things would be so great if we could only get beyond the stupid politically created crisis? let's go over the reasons. first, in terms of...
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Dec 13, 2012
12/12
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KGO
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after the guatemalan government deported him. he arrived in miami last night and spoke to reporters from his hotel in south beach. he complained that he had been forcibly separated from his girlfriend, but says she would be coming to the u.s. sometime soon. >>> and the u.s. is looking up ways to ratchet up the pressure on north korea following that successful launch of a long-range missile. experts say the launch is exactly what north korea's new young leader needed to prove analysts say, he's every bit his late father's provocative son. >> the message to the world is don't mess with me. i not only have the weapons, i have the delivery capability now. >> the united nations has condemned that launch. it's called for an appropriate response, which could mean more sanctions against north korea. >>> an update on the health of former south african president nelson mandela. doctors say the 94-year-old leader is making progress against a lung infection that's kept him in the hospital since saturday. still no word yet on when he might be
after the guatemalan government deported him. he arrived in miami last night and spoke to reporters from his hotel in south beach. he complained that he had been forcibly separated from his girlfriend, but says she would be coming to the u.s. sometime soon. >>> and the u.s. is looking up ways to ratchet up the pressure on north korea following that successful launch of a long-range missile. experts say the launch is exactly what north korea's new young leader needed to prove analysts...
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up to 30%, the government raises or money by having a tax of 30%. liz: you are a very large shareholder, if not the very largest, you are saving about $690,000 on your tax bill as well. that gives people a sense of how much money could possibly be saved. in 2015, will you start paying dividends again? >> i cannot decide. it is not just up to me. we will take a look at that and see what the story is. our goal is to reward shareholders. there are other ways to do that by buying shares back, increasing earnings per share, decreasing numbers of shares. we always will take care of our customers, that is what we do and that is why we are% successful. liz: thank you for coming on the show. robert shillman. i want to make a point about this. we love the product. it speeds up our lives. a fascinating window into why companies and boards are doing this. "the closing bell" ringing in 48 minutes. we are at session highs right now. you just heard doctor shillman who is increasing his dividend and speeding up the payouts. we have another fund manager with a compl
up to 30%, the government raises or money by having a tax of 30%. liz: you are a very large shareholder, if not the very largest, you are saving about $690,000 on your tax bill as well. that gives people a sense of how much money could possibly be saved. in 2015, will you start paying dividends again? >> i cannot decide. it is not just up to me. we will take a look at that and see what the story is. our goal is to reward shareholders. there are other ways to do that by buying shares back,...
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and federal government also. but he also said that they would have to meet his goals and ideas. leader harry reid, he was more concerned that they were going to be able to reach some kind of an agreement avoid going off the fiscal cliff. gerri: how concerned are you? what would it mean if we read right over the edge? you believe that there will be some agreements by decembee 31? >> it is hard to tell. the house, the senate, the republicans, it's very tough negotiitions up there. i will tell you that i did meet with my finance officer this morning. my budget director. we talked about comparing my state budget. we have to make our decisions within the next month. the state of oklahoma, it will cost to $700 million in so many things. if we got the fiscal cliff. gerri: with the defense cuts come if we do over the cliff, it will cost $100 million or over that? >> 137 million. gerri: would this put you into the red? >> it certainly could. we are still looking at obama's health care plan and what it will do to the state
and federal government also. but he also said that they would have to meet his goals and ideas. leader harry reid, he was more concerned that they were going to be able to reach some kind of an agreement avoid going off the fiscal cliff. gerri: how concerned are you? what would it mean if we read right over the edge? you believe that there will be some agreements by decembee 31? >> it is hard to tell. the house, the senate, the republicans, it's very tough negotiitions up there. i will...
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Dec 7, 2012
12/12
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KTVU
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christie is seeking $83 billion in extra disaster aid from the government. he's making the plea on behalf of his home state of new jersey, as well as for new york and connecticut. christie met with president obama at the white house first, then with house speaker john boehner at the capital. at a senate hearing thursday, senator charles schumer of new york presented his case for rebuilding the storm zone. "new york has no choice, we have to adapt. new york and new jersey are a waterfront region in the path of violent new weather realities." president obama meanwhile is seeking $50 billion from congress for emergency aid for 11 states with storm damage. the improving housing market is turning into a wealth builder for americans. according to the federal reserve, financial wealth in american households grew to $64 trillion, up $1.7 trillion during the 3rd quarter. here's how that happened: the value of real estate rose $300 billion, while stocks climbed $520 billion. economists have said an increase in wealth translates into consumer spending. the report from
christie is seeking $83 billion in extra disaster aid from the government. he's making the plea on behalf of his home state of new jersey, as well as for new york and connecticut. christie met with president obama at the white house first, then with house speaker john boehner at the capital. at a senate hearing thursday, senator charles schumer of new york presented his case for rebuilding the storm zone. "new york has no choice, we have to adapt. new york and new jersey are a waterfront...
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Dec 5, 2012
12/12
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we can bring this government under control through spending reductions. certainly, if taxes are raised, they should be done in a way that's most beneficial or least damaging to the viability of our economy. >> yeah. i got to tell you, after listening to that interview, i feel pretty confident that we're going over the cliff. are we going to go over the cliff, senator? >> we should not go over the cliff. we should have been working on this all year, not waiting until the last minute. the reason we're not making progress, let me tell you -- and i've been consistent on this. they're bringing these numbers up in secret. if they were laid out in public so the american people knew just how much taxes they were increasing, just how little spending reductions -- or how much increases in spending. as a political mover, very effective at being able to hide the net impact of his plan and ride this general good feeling of his election. it's not a healthy situation politically. we've got to do the right thing for the country. >> all right, senator. i was really struck
we can bring this government under control through spending reductions. certainly, if taxes are raised, they should be done in a way that's most beneficial or least damaging to the viability of our economy. >> yeah. i got to tell you, after listening to that interview, i feel pretty confident that we're going over the cliff. are we going to go over the cliff, senator? >> we should not go over the cliff. we should have been working on this all year, not waiting until the last minute....
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the federal government point five percent of me the schools default those or the high yield junk bonds ok so that is how often they actually default yet according to federal reserve bank of new york and a report issued this summer bonded actually occur more then that woman indicated in more than you may think it said although the low default history of miscible bonds has played a key role in luring investors to the market frequently cited default rates published by the ratings agencies do not tell the whole story about municipal bond defaults for example between one nine hundred seventy and two thousand and eleven moody's reported there were only seventy one municipal defaults however the fed report which looked at a much broader sample including unrated bonds and industrial development bonds counted twenty five hundred and twenty one defaults during the same span so you have a big difference there depending on what you're looking at now we have yet to see the reckoning in the municipal bond market many of called for in the future is up for debate depending on who you listen to but now
the federal government point five percent of me the schools default those or the high yield junk bonds ok so that is how often they actually default yet according to federal reserve bank of new york and a report issued this summer bonded actually occur more then that woman indicated in more than you may think it said although the low default history of miscible bonds has played a key role in luring investors to the market frequently cited default rates published by the ratings agencies do not...
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Dec 13, 2012
12/12
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it's part outline government response. at length one of the biggest gatherings of rock musicians ever in last night's fund-raising concert. the number one search story is the death of whitney houston. her shocking death in february had everybody talking. asking questions and remembering legendary singer. playing some of her unforgettable songs. on the top 10, deal with it and of course gangham style, and no, i'm not going to do that dance. coming back with more union news and views from obamacare. insurance companies are threatening major rate hikes. we will have all that matters. uh... whew. [ male announcer ] brk from the holiday stress. ship fedex express by december 22nd for christmas delivery. tracy: surprise, surprise. obamacare is forcing insurance rates. blue shield of california is hiking and three by 12 to 20% this month. it is certainly not alone. the ceo of aetna says we are going to see some markets go up as much as 100%. also a slew of other hidden fees passenger obamacare. with more, the ceo of vital spring
it's part outline government response. at length one of the biggest gatherings of rock musicians ever in last night's fund-raising concert. the number one search story is the death of whitney houston. her shocking death in february had everybody talking. asking questions and remembering legendary singer. playing some of her unforgettable songs. on the top 10, deal with it and of course gangham style, and no, i'm not going to do that dance. coming back with more union news and views from...
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Dec 10, 2012
12/12
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there's some trends that can trump the government, health and wellness maybe? breaking up is easy to do stories. better than expected retailers, in the end when it come to the fiscal cliff, to the longer we delay a deal or can't do a deal at all, it's worse for all the shareholders and the investors and the stock market. yes, a deal that does nothing, it simply keeps taxes where they are right now and doesn't cut entitlements, that's what everybody wants. does matter, believe he, i mean what's going to happen if we do nothing except keep things exacthe they are now, and just vote to undo the cliff. they'll downgrade the u.s. debt. but that's it. by the way, we have already proven through nine ways of sunday that -- when our credit rating got downgraded last summer. well, bonds went up in price and down in-year-old. -- in yield. so why not do nothing? why doesn't the president say we're just going to keep bonds the way they are. and we're not going to cut entitlements because we know if we don't cut taxes, the republicans will go along with their no tax pledge a
there's some trends that can trump the government, health and wellness maybe? breaking up is easy to do stories. better than expected retailers, in the end when it come to the fiscal cliff, to the longer we delay a deal or can't do a deal at all, it's worse for all the shareholders and the investors and the stock market. yes, a deal that does nothing, it simply keeps taxes where they are right now and doesn't cut entitlements, that's what everybody wants. does matter, believe he, i mean what's...
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think about cash high yield or government related high yield barbell. that is step one. 50% government related securities, 50% high yield bonds. you can increase your real yield aad you're trading some interest rrte risk for some credit risk. now investors usually say to me you generated income for me but it is all dollars, right? how do i diversify the dollar exposure? we talk about international bonds. higher yields the united states. foreign currency exposure. the next question is i don't want any currency exposure. that's when you start to think about adding gold, real estate, master limited partnerships and physical commodities. lauren: you're saying go global with at least some of your investments, at least equity invests. where globally? what countries? >> i don't think it is about countries but i think it is more wheres generate revenue. a lot of great companies around the united states will generate revenue around the world. look at companies domiciled in 50 states where the opportunities doesn't make a lot of sense. it might have made sense 40
think about cash high yield or government related high yield barbell. that is step one. 50% government related securities, 50% high yield bonds. you can increase your real yield aad you're trading some interest rrte risk for some credit risk. now investors usually say to me you generated income for me but it is all dollars, right? how do i diversify the dollar exposure? we talk about international bonds. higher yields the united states. foreign currency exposure. the next question is i don't...
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Dec 13, 2012
12/12
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FBC
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instead of giving it to charity, give it to the government, or work with the government.
instead of giving it to charity, give it to the government, or work with the government.
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Dec 8, 2012
12/12
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CNNW
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governing should be done during governing season. even now before we get to next year, the election year, even now it's time to focus on governing and serving people. >> booker for senate, 2013? >> again, my focus right now is trying to figure out what that next step will be that is in accordance with my values. life is about purpose, not position. my value is i want to find whatever i do that can best make a contribution to the people in the city i love and the state i love. you and i both know this because you have done some great shows on this. we live in a country that has so much work to do. we still live in a country where men and women are denied equal citizenship rights because of who they decide to love. we live in a country where we have an abject failure in war on drugs that is costing taxpayers billions and billions of dollars and locking up more people than any country on earth. we still haven't faced up to immigration policy. we still have poverty, people working full-time jobs, still below the poverty line. there is an
governing should be done during governing season. even now before we get to next year, the election year, even now it's time to focus on governing and serving people. >> booker for senate, 2013? >> again, my focus right now is trying to figure out what that next step will be that is in accordance with my values. life is about purpose, not position. my value is i want to find whatever i do that can best make a contribution to the people in the city i love and the state i love. you...
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Dec 5, 2012
12/12
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WETA
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one idea may be to change the way the government measures inflation. that may sound like a small change, but, as darren gersh reports, it could have a big impact. >> reporter: if the price of oranges goes up, consumers will buy apples and other cheaper foods. we know that. economists call that switching "substitution," but that change in behavior doesn't show up in the official inflation rate. so most economists think the current consumer price index overstates the actual cost of living. that's important because the inflation rate is used to set tax brackets and social security benefits. moving to a more accurate inflation measure called the "chained c.p.i." would cut the deficit by $200 billion over ten years. supporters say the change wouldn't cut benefits. >> if we're making the change to reflect what is the real cost of living, as opposed to a different one, then you are not reducing them; you're just truing up what you should be getting. not something that-- i hate to use the term-- that might be inflated beyond what it should have been. >> report
one idea may be to change the way the government measures inflation. that may sound like a small change, but, as darren gersh reports, it could have a big impact. >> reporter: if the price of oranges goes up, consumers will buy apples and other cheaper foods. we know that. economists call that switching "substitution," but that change in behavior doesn't show up in the official inflation rate. so most economists think the current consumer price index overstates the actual cost...
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Dec 7, 2012
12/12
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another big issue is government regulation. just focusing on lack of sales, if that's one of their key concerns, then they're probably right for this perspective. this is something that will take 6 to 12 months to work through. >> if i'm an a student and i get a b, that's bad. if i'm a c student and i get a b, that's good. we seem to become a c economy happy with a b or buy-minus jobs number. what happened to great expectations and why isn't anybody in congress talking about growth? >> well, because we've got a lot of other issues. they built the cliff and now they're trying to keep us from going over it but it is all a sort of self-made crisis if you will from the policy perspective. i think tom is right, there is a lot of structural issues holding the u.s. back. there's still deleveraging on the household side. businesses are stuck in a cautious state and probably rightly so. it's going to be a grind getting to higher rates of growth. and that's -- getting the expectations right is actually a good thing. we were overly optimi
another big issue is government regulation. just focusing on lack of sales, if that's one of their key concerns, then they're probably right for this perspective. this is something that will take 6 to 12 months to work through. >> if i'm an a student and i get a b, that's bad. if i'm a c student and i get a b, that's good. we seem to become a c economy happy with a b or buy-minus jobs number. what happened to great expectations and why isn't anybody in congress talking about growth?...
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Dec 7, 2012
12/12
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KRON
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the typhoon hit hardest in the southern philippines or government officials say entire families were washed away. more than 310,000 people have lost their homes as the typhoon struck on tuesday. >> the bay area quality management district has received a 1 million grant $1 million grant from the u.s. department of energy to help more local companies use alternative fuel for their vehicles and fleets. the gravel goes towards the california floods in wordplay alternative fuel project which aims to reduce barriers for companies and governments to use alternative fuel. such as issues with permitting. the gravel watch and february and will continue over a two-year period. a report finds a the states themselves agency needs more independent oversight and recommends a restructuring to avoid the appearance of conflict of interest. the institute of medicine says too many board members on the california institute for rich in art of medicine represent schools that receive funding. california voters in 2004 proposition 71 that form the seat i are am. as distributor about 1.3 billion in grants. ca
the typhoon hit hardest in the southern philippines or government officials say entire families were washed away. more than 310,000 people have lost their homes as the typhoon struck on tuesday. >> the bay area quality management district has received a 1 million grant $1 million grant from the u.s. department of energy to help more local companies use alternative fuel for their vehicles and fleets. the gravel goes towards the california floods in wordplay alternative fuel project which...
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Dec 13, 2012
12/12
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MSNBCW
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turning now overseas, new signs of desperation from the syrian government. for the first time in the two-year conflict, the assad regime is resorted to firing scud missiles to slow rebel forces. they close in on the capitol of damascus. officials say at least half dozen scud missiles packed with explosives were launched toward another syrian military base that was overtaken by the rebels. richard engel reporting from the region says two of the scuds landed in civilian neighborhoods. the news comes the same day more than 100 countries, including the united states, officially gave recognition to the syrian opposition forces. a day after north korea successfully launched a satellite into orbit, leaders in washington, japan, south korea are calling for immediate consequences, even the chinese are criticizing north korea's move. the three stage ballistic missile was carrying a satellite which u.s. officials now say is tumbling out of control as it orbits the earth. the purpose, unclear. the officials say the rocket is similar to design to one that could potential
turning now overseas, new signs of desperation from the syrian government. for the first time in the two-year conflict, the assad regime is resorted to firing scud missiles to slow rebel forces. they close in on the capitol of damascus. officials say at least half dozen scud missiles packed with explosives were launched toward another syrian military base that was overtaken by the rebels. richard engel reporting from the region says two of the scuds landed in civilian neighborhoods. the news...
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Dec 6, 2012
12/12
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WJLA
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. >> reporter: the syrian government claims it will not use chemical weapons. but president assad is feeling the pressure from opposition forces who have gained strength and are now moving on the capital, damascus. jeremy bowen, with our bbc partners, is there tonight and reports assad's forces are waging a fierce defense. >> throughout the day and after dark, when i'm speaking to you, there are quite steady explosions of shell fire, outgoing artillery fire, going into the suburbs around the center of the city, where i am. >> reporter: residents are caught in a worsening cross fire. >> people who came from areas that are being shelled, they are on the streets, many children, sometimes you see them crying, old people are sleeping on the ground. >> reporte but nothing is this horrific war has gotten the attention of u.s. officials more than this chemical weapons threat. >> these reports may mean that the united states and our allies are facing the prospect of an imminent use of weapons of mass destruction in syria. this may be the last warning we get. >> reporter
. >> reporter: the syrian government claims it will not use chemical weapons. but president assad is feeling the pressure from opposition forces who have gained strength and are now moving on the capital, damascus. jeremy bowen, with our bbc partners, is there tonight and reports assad's forces are waging a fierce defense. >> throughout the day and after dark, when i'm speaking to you, there are quite steady explosions of shell fire, outgoing artillery fire, going into the suburbs...
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Dec 7, 2012
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CNBC
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we have to pay for all this government. the big mistake is growing government. >> although there's a room for balance, i don't say peter's wrong entirely, the fact of the matter is the top 2% are not paying their fair share. american people don't think so. the numbers don't add up. if you want a deal here, you're going to have to raise the rates and then if you want to talk about spending cuts, as i think the president will eventually do, you'll see a last-minute agreement. >> first of all, i'm in the top 2%. i'm paying 45% of my total income in income tacks boxes to state of connecticut and the government. >> you need a better accountant, peter. >> more than half of my income is going to go to the government. you tell me, what's fair about that? >> i'll tell you what's fair about that -- >> i'm paying half. excuse me. i don't care what the majority voted to do. they don't have a right to steal my money just because they vote for it. >> i'll tell you what the problem is. we're in a crisis. we're in a crisis caused by the bu
we have to pay for all this government. the big mistake is growing government. >> although there's a room for balance, i don't say peter's wrong entirely, the fact of the matter is the top 2% are not paying their fair share. american people don't think so. the numbers don't add up. if you want a deal here, you're going to have to raise the rates and then if you want to talk about spending cuts, as i think the president will eventually do, you'll see a last-minute agreement. >> first...
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Dec 5, 2012
12/12
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the government struggled to fill that hole. the lesson here is that tax changes create huge spikes and crashes in revenue. now if governments understood this, we could plan for it but so far, brian, there is no evidence that governments, either state or federal, have learned this lesson. >> why is this so hard for us to figure out? you just laid it out. we've been here before. >> we've been here before. we've been here every decade we get to this point where we have this sudden artificial explosion in revenues whether from the market or tax havens. when governments get money they like to spend it. they like to pretend it is the new normal and they can budget along those lines but the temptation is to spend that money and budget around it. then suddenly we have 2013. >> remember world war i? >> i do remember. that was a rough time. >> they said there will never be another war like that? what happened, like 22 years later? we are doomed to repeat the same mistakes. >> we'll have this interview. we can go back next year and say we
the government struggled to fill that hole. the lesson here is that tax changes create huge spikes and crashes in revenue. now if governments understood this, we could plan for it but so far, brian, there is no evidence that governments, either state or federal, have learned this lesson. >> why is this so hard for us to figure out? you just laid it out. we've been here before. >> we've been here before. we've been here every decade we get to this point where we have this sudden...
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Dec 7, 2012
12/12
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too little government spending at the federal, state, and local level. too little spending because of deleveraging and too little residential investment because we still have an unresolved housing situation, unresolved housing crisis for many americans facing foreclosure. those are all cyclical issues. i actually think we could, with the right set of policies, grow more quickly. do i think longer term we need tax reform? yes, we probably do, but by the way, right now we have the lowest taxes as a share of gdp in recent history, in modern history. we have profits as a share of gdp, profits as a share of national income at a historic high. this is not for want of having tax relief in the economy. it's for want of having spending in the economy. >> very good. good to hear from you again, laura. thank you for joining us. >> thank you very much. appreciate it. >> thank you. have a great weekend. >>> as if you needed another reason to worry about your 401(k), changes could be coming that you need to know about and you cannot afford to miss it next. >>> also, u
too little government spending at the federal, state, and local level. too little spending because of deleveraging and too little residential investment because we still have an unresolved housing situation, unresolved housing crisis for many americans facing foreclosure. those are all cyclical issues. i actually think we could, with the right set of policies, grow more quickly. do i think longer term we need tax reform? yes, we probably do, but by the way, right now we have the lowest taxes as...
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Dec 10, 2012
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it's not the government's money. if somebody like steve jobs or bill gates or whoever goes out and makes a lot of money, they're first paying income tax. then a double tax on dividends. then the corporate taxes is another layer of tax. then you want to come in like the grim reaper and take money from their family when they die. it's not the government's money. we have a problem in washington of too much spending. you want to make the matter worse by putting more blood in the water with the hungry sharks. >> so first of all, dan, the fact that it's not my money, that's an argument about any taxation. i know folks would love to bring the tax rates to 0 for everything. the real world, whee government actually has to do things, defend the country, pay for social insurance, things that people care about, education, infrastructure, we need to collect revenue. when you are talking about collecting revenue from the top .2% of the wealthiest estates, folks whose capital gains, unlike you just said, folks whose capital gains h
it's not the government's money. if somebody like steve jobs or bill gates or whoever goes out and makes a lot of money, they're first paying income tax. then a double tax on dividends. then the corporate taxes is another layer of tax. then you want to come in like the grim reaper and take money from their family when they die. it's not the government's money. we have a problem in washington of too much spending. you want to make the matter worse by putting more blood in the water with the...
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Dec 12, 2012
12/12
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i think this government is being a lot smarter than the government in europe. the reason i don't think we have the kind of austerity we have in europe is because of the fact that bernanke is doing what he's doing. the fed is absolutely doing the right thing, preventing deflation and it's high time the politicians started seriously dealing with the deficit. the deficit is never going to get better. the situation about the deficit is never going to get better unless somebody does something about it. you can talk all you want. >> the europeans have been doing the same thing the federal reserve is doing, and they are having the same problems we're having, and in terms of the banks, if you want banks to lend, have the regulators stop beating them up every time they make a loan. it's easy toe lend to the government, easy to lend to big companies, but small and medium-sized businesses, you better pay for that things over six ways to sunday and the regulators are camping out and the banks will be on your backs for it. we need a countercyclical bank policy, and easy tim
i think this government is being a lot smarter than the government in europe. the reason i don't think we have the kind of austerity we have in europe is because of the fact that bernanke is doing what he's doing. the fed is absolutely doing the right thing, preventing deflation and it's high time the politicians started seriously dealing with the deficit. the deficit is never going to get better. the situation about the deficit is never going to get better unless somebody does something about...
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Dec 6, 2012
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. >>> and nat gas revolution, the government says exporting nat gas could be a game changer for america's economy, but at what cost? we'll take a deeper dive to find some answers. but first, our top story tonight. >>> everyone cares about the fiscal cliff, except, seemingly, the markets. just 25 days until the year end deadline and still no deal out of washington. still stocks quietly climb higher. the dow closing today at a one-month high. what gives? just an assumption that a deal -- >> it almost gets back to that you never short. we're all waiting for some type of closure on the fiscal cliff. so everyone's afraid to take that stab in the dark and say, you know what? things look terrible. no matter how they paint the picture, things look slower in the next couple of quarters than they do right now. am i right? >> yeah. >> so global growth, you have everything coming in, global growth is going to be terrible. growth here around 2%, 2.5%. so people want to short the market, they're just so afraid to because every time they short it, it bounces right back. >> and it seems now with headline
. >>> and nat gas revolution, the government says exporting nat gas could be a game changer for america's economy, but at what cost? we'll take a deeper dive to find some answers. but first, our top story tonight. >>> everyone cares about the fiscal cliff, except, seemingly, the markets. just 25 days until the year end deadline and still no deal out of washington. still stocks quietly climb higher. the dow closing today at a one-month high. what gives? just an assumption that...
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how will it help the billions now on city government workers. we will be talking to los angeles mayor antonio villaraigosa coming up. liz: the president meeting with top executives with the war of words continues with republican leaders in a resolution to the fiscal cliff. we're live at the white house with the very latest. what happened. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the mke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. david: what a strange day. some are way up, some are way down. shares of verifone systems are getting a boost. nicole with more on that. nicole: some stocks jumping, this is a day that verifone is jumping. take a look at the stock right now, a gain of 7.5%. an upg
how will it help the billions now on city government workers. we will be talking to los angeles mayor antonio villaraigosa coming up. liz: the president meeting with top executives with the war of words continues with republican leaders in a resolution to the fiscal cliff. we're live at the white house with the very latest. what happened. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the mke...
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Dec 11, 2012
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which are the real cost drivers for our government. and how you do tax reform so you can actually gain revenue to government and help the economy groe. >> congressman, with all due respect, the tax -- >> that's a wonderful start for any southerner. >> the tax hikes are about 5% if that of our deficit problem. they're occupying 95% of our national dialogue. it's all we're talking about. why not give in on that so we can get to the stuff that matters? >> the president's leading this debate. obviously the president if you -- >> we're going to get to john boehner right now. he's speaking. let's listen in live. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. here's what we do know. we know that the president wants more stimulus spending. and an increase in the debt limit wi
which are the real cost drivers for our government. and how you do tax reform so you can actually gain revenue to government and help the economy groe. >> congressman, with all due respect, the tax -- >> that's a wonderful start for any southerner. >> the tax hikes are about 5% if that of our deficit problem. they're occupying 95% of our national dialogue. it's all we're talking about. why not give in on that so we can get to the stuff that matters? >> the president's...
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Dec 10, 2012
12/12
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well, they are not the government. and the young man who is accused, he's still innocent, because he's innocent still proven guilty accused of this awful event is free to work at another football team. so under that theory, he's voluntarily there and he voluntarily accepts the restrictions. look, professional athletes have a lot of restrictions. stuart: extended all team members, judge? they would extend it to everybody gets one of these devices. >> now, you're going to touch the other side of me which is why are they punishing everybody because of what one person did. that's preposterous. stuart: because the reputation and value of the team is at stake. >> they have the right to do it because they are free to go work somewhere else. were the government to do it to us where we were not free to have another government, it would be a different story. stuart: they made it a contractual obligation, you sign a contract to play for the dallas cowboys and you have one of these things in your car. ? >> that's a great question.
well, they are not the government. and the young man who is accused, he's still innocent, because he's innocent still proven guilty accused of this awful event is free to work at another football team. so under that theory, he's voluntarily there and he voluntarily accepts the restrictions. look, professional athletes have a lot of restrictions. stuart: extended all team members, judge? they would extend it to everybody gets one of these devices. >> now, you're going to touch the other...
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i'll break down how government is working to stop oil and gas exploration. that's coming up next. ♪ [ male announcer ] if you're eligible for medicare,e, now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? of your part b medical expees. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free dision guide to help you tter understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be le to visit any doctor or hospit that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare suppl
i'll break down how government is working to stop oil and gas exploration. that's coming up next. ♪ [ male announcer ] if you're eligible for medicare,e, now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? of your part b medical expees. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some...
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Dec 6, 2012
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direction, and government dependency is hurting the black community. that seems to be your message, am i right there? >> that's the message, and we have a 50-year opportunity to see what's happened to that. my dad's generation would be ashamed to see what's happened to the men of our race. we have black middle class, we should be the people that pull the others out and we're standing by being silent. the whole idea, the fact that what liberalism does to a race, it actually -- it makes people and particularly men wimpy and winy. i think it's time for us to stand up and be strong about what we need to get done. be courageous and have a vision the way previous generations did and stand up for children particularly. >> i have to leave it there. many thanks, the outspoken burgess owens. that's it for this evening's show. thanks for watching. free market capitalism is the best path to prosperity for everybody, for all people in need of opportunity. i'm larry kudlow. we'll see you tomorrow night. [ male announcer ] where do you turn for legal matters? at lega
direction, and government dependency is hurting the black community. that seems to be your message, am i right there? >> that's the message, and we have a 50-year opportunity to see what's happened to that. my dad's generation would be ashamed to see what's happened to the men of our race. we have black middle class, we should be the people that pull the others out and we're standing by being silent. the whole idea, the fact that what liberalism does to a race, it actually -- it makes...
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>> the government wants to save money, but what about consumers? should they be forced to put money into retirement? most people do but some don't, should they be forced to? [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪
>> the government wants to save money, but what about consumers? should they be forced to put money into retirement? most people do but some don't, should they be forced to? [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a...
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Dec 6, 2012
12/12
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MSNBC
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these are guys that went to congress not to limit government but to stop it. so what are you going to do? we have five
these are guys that went to congress not to limit government but to stop it. so what are you going to do? we have five
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the county is looking for more than $1 billion from the government. county officials don't expect to get that total amount but hope to get something to alleviate some of those traffic problem. >>> a metro bus driver is upped investigation after this video popped up online. check it out. it appears to show the driver holding and possibly reading a newspaper behind the wheel. the rider, who posted the video on the blog unsuck d.c. metro says it happened on the d-2 route during the morning rush last monday. they say the driver has the paper in his hands during a long stretch of the route, both while stopped and while driving. riders we showed this video to were outraged. >> you're reading newspaper. you're putting yourself in danger. you're putting your passengers at danger. >> it's a safety violation. come on, metro. do your job. check into your drivers and figure out what's going on. >> it is difficult to tell from the video if the driver was read lli ing the paper or just holding it. either way, aaa says it is distracted driving, and it puts the drive
the county is looking for more than $1 billion from the government. county officials don't expect to get that total amount but hope to get something to alleviate some of those traffic problem. >>> a metro bus driver is upped investigation after this video popped up online. check it out. it appears to show the driver holding and possibly reading a newspaper behind the wheel. the rider, who posted the video on the blog unsuck d.c. metro says it happened on the d-2 route during the...
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Dec 6, 2012
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looks like the italian government is going to survive. you see italian stocks were down throughout the day. the problem about this, the structure of italian politics makes the country ungovernable. brian, there's 12 political parties in the chamber of deputies. that's the lower house. you get coalitions together and they routinely topple the governments. this has been a problem since world war ii. they've got to gig ofigure out better way to govern the country. >>> we've got huge volume today on apple. it will do 40 million shares, probably twice normal. it went positive earlier in the day on that very good news about doing some production of the mac in the u.s. >> they've got too many and maybe we have too few. somewhere in the middle is the answer. bob pisani, thank you. >>> your top stock story today is -- what else -- apple. it is making a small comeback after hitting a nine-month low earlier today but it's been a run to forget for one of the most owned stocks in the world. it's down 7% over the past week. here's your headline of the
looks like the italian government is going to survive. you see italian stocks were down throughout the day. the problem about this, the structure of italian politics makes the country ungovernable. brian, there's 12 political parties in the chamber of deputies. that's the lower house. you get coalitions together and they routinely topple the governments. this has been a problem since world war ii. they've got to gig ofigure out better way to govern the country. >>> we've got huge...
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Dec 5, 2012
12/12
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still it heightens the pressure whose founder steve cohen has been personally implicated in a government case alleges insider trading. cnbc was first to report on a investor redemption, and since then at least one other big -- has followed suit. other investors are showing concern and we may see more outflowing given the next redemption is around february 15th y thbs has learned the flagship is up nearly 12% year to date against an average head fudge return of about 2%, 3% overall. add the fact that cohen has said he's confident that he and his company has named appropriately, there's still quite a lot arguing for these guys. >> important to note when we do this story every time. cohen himself hasn't been charged. >> correct. >> s.a.c. hasn't been accused. >> only a subsidiary uchbt. >> this was a former portfolio manager who worked for that unit. >> correct. >> at what point -- who has to pull their money for it to get people to notice. >> here's the key point. all of this has symbolic value, and i think this has turned a corner for people psychologically. i do have cohen allegedly invo
still it heightens the pressure whose founder steve cohen has been personally implicated in a government case alleges insider trading. cnbc was first to report on a investor redemption, and since then at least one other big -- has followed suit. other investors are showing concern and we may see more outflowing given the next redemption is around february 15th y thbs has learned the flagship is up nearly 12% year to date against an average head fudge return of about 2%, 3% overall. add the fact...
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Dec 10, 2012
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it has been a rough year for corporate america with the government fining businesses $1.1 billion in antitrust funds. we have the exclusive details. liz: ever wonder what it would be like to work in an office with treadmill desks? free candy and a rock band break room? how you can spend a deal at facebook campus and meet with senior executives who play all the games and hang out with the biggies. we'll tell you how you can do this. stay tuned. >> you can add limited brands ls the company's paying early dividends to avoid higher taxes next year. making the announcement a $3 special dividend, $3 per share special dividend payable december 26. limited brands operating victoria's secret, paint, bath and body works among others. december 26. david: a nice 2% pop after hours because of that. liz: government finding businessefiningbusinesses a recs year forcing firms to fork over $1 billion in criminal fines. david: this exclusive fox business story. >> does the largest one-year total in 122 year history of the antitrust act. the analysis provided exclusively to fox business confirmed by th
it has been a rough year for corporate america with the government fining businesses $1.1 billion in antitrust funds. we have the exclusive details. liz: ever wonder what it would be like to work in an office with treadmill desks? free candy and a rock band break room? how you can spend a deal at facebook campus and meet with senior executives who play all the games and hang out with the biggies. we'll tell you how you can do this. stay tuned. >> you can add limited brands ls the...
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stuart: michigan is a right to work law and the government is likely to sign it. looks like they will be the 24th ridge to work state in the united states. fracking is a way to get natural gas from shale thousands of feet underground. it is very controversial. some worry it affects the water supply and the environment. joining us now is any gruber from the environmental system, i am going to give you the chance to give a commercial here for your company. what you do if i am not mistaken is you clean the water which comes out of the ground after a capital to one operation takes place. that is what you do. is that correct? >> that is correct. stuart: this business is booming. >> business has been very good. we actually specialize in industrial waste water treatment. so we took an application that we use in the food industry and apply to oil and gas industry because both of them have one thing in common. stuart: environmentalists are concerned about fracking. if you inject this water and sand and chemicals the underground, you can pollute the water supply. you are te
stuart: michigan is a right to work law and the government is likely to sign it. looks like they will be the 24th ridge to work state in the united states. fracking is a way to get natural gas from shale thousands of feet underground. it is very controversial. some worry it affects the water supply and the environment. joining us now is any gruber from the environmental system, i am going to give you the chance to give a commercial here for your company. what you do if i am not mistaken is you...